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Blog
4 Major Types of Sourcing Strategies in the Construction Industry
This blog was refreshed on October 16, 2023. The construction industry's sourcing challenges demand diverse strategies, from traditional practices to collaborative ventures. Procurement teams must navigate complexities like changing weather, site conditions, and...
SSON Presents a Startup to Watch: Arkestro
This month, the Arkestro team was fortunate enough to attend SSON, the World’s Largest Shared Service and Outsourcing Network. During a competition where startups showcased critical new tools and services that Shared Services and Outsourcing Executive must be aware...
3 Reasons Understanding Your Suppliers Better Will Benefit Your Sourcing
Supplier relationships are your new competitive advantage All businesses face extraordinary challenges in 2020. The fallout from an ongoing COVID-19 pandemic has put financial pressure on companies, resulting in cost-cutting across the board. In addition, the epidemic...
3 Ways to Measure Predictive Procurement Success Beyond Cost Savings
There was a time when a company’s procurement function was largely left out of the loop and taken for granted. Once other business units had made the meaningful decisions, then it was up to the sourcing team to look after the mundane tasks of contacting suppliers and...
3 Ways Pricing Transparency Drives Strategic Sourcing Success
In 2005, Harvard Business Review published “Strategic Sourcing: From Periphery to the Core.” The article was an overview of the changing dynamic in an increasingly global world, where companies were moving away from the traditional business model of vertical...
5 Benefits of Strong Relationships in Strategic Sourcing
Happy International Day of Friendship! As a holiday officially recognized by the United Nations, the idea of a World Friendship Day was first proposed in 1958 by Dr. Ramon Artemio Bracho during a dinner with friends in Paraguay. Out of this meeting of friends, the...